It also reported a turnover of RON47.8 million for the January-June 2023 period, down 2.1% from the same period of 2022.
“These results come after half a year of strong activity, duriing which time we have launched over 22 new products, of which 17 in the Smart Home range and five in the Tellur Green range, which is a first in Romania. It is about products obtained from natural, recycled or recyclable materials. The future belongs to these “Green” products and we want at least 85% of the Tellur portfolio to include products made from such materials, until the end of this decade”, the company said in its financial report.
On June 31, 2023, the company had 61 employees, total assets of RON84 million, debts of RON53 million and equity of RON32 million. EBITDA reached RON1.82 million in January-June 2023.
The company also says it has taken firm steps to turn the Tellur brand into a global one, and expects the value of the market of smartphone accessories and smart home products will double over the next ten years, regardless of the economic cycles.
ABN Systems International is equally held by Adisor-George Barbu and Bogdan Remus Nedelea, with a 42.5% ownership stake, while other shareholders hold 10% of the company’s share capital.
ABN shares have lost 0.8% since the beginning of 2023, amid deals worth RON508,000, ensuring a market capitalization of RON56 million.